The 10-second takeaway
For the quarter ended June 28 (Q2), Kaman beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew.
Gross margins dropped, operating margins grew, net margins were steady.
Kaman logged revenue of $431.7 million. The nine analysts polled by S&P Capital IQ hoped for revenue of $422.2 million on the same basis. GAAP reported sales were 6.5% higher than the prior-year quarter's $405.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.67. The nine earnings estimates compiled by S&P Capital IQ averaged $0.59 per share. GAAP EPS of $0.67 for Q2 were 8.1% higher than the prior-year quarter's $0.62 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 28.1%, 30 basis points worse than the prior-year quarter. Operating margin was 7.2%, 20 basis points better than the prior-year quarter. Net margin was 4.1%, much about the same as the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $448.7 million. On the bottom line, the average EPS estimate is $0.64.
Next year's average estimate for revenue is $1.72 billion. The average EPS estimate is $2.31.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 147 members out of 155 rating the stock outperform, and eight members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give Kaman a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kaman is outperform, with an average price target of $39.57.
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